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Shuttered Alexandria power plant making way for mixed-use development
A former coal-fired power plant in Alexandria will become home to a mixed-use development along the Potomac River. Chicago-based Hilco Redevelopment Partners (HRP), a Hilco Global business unit, announced Monday it purchased the 71-year-old Potomac River Generating Station site, which encompasses approximately 20 acres. HRP ac[...]
More than $1.9M in grants going to Va.’s tourism industry
While COVID-19 continues to slam the tourism and hospitality industries, Gov. Ralph Northam announced Monday that more than $1.9 million in matching grants will be disbursed among 161 local tourism initiatives as part of Virginia Tourism Corp.’s Recovery Marketing Leverage Program (RMLP). Although Virginia’s tourism industry had another record year in 2019, posting $27 billion […][...]
Va. COVID-19 rate shoots past 7%
Virginia’s COVID-19 cases continue to rise, with 11,160 new cases and 93 deaths recorded over the past week, according to the Virginia Department of Health’s Nov. 16 report. The total number of fatalities in Virginia stands at 3,806 and the total number of cases statewide is now 204,637. The seven-day positivity rate rose to 7.3% […]
What a legalized marijuana market could look like for Va.
If Virginia legalizes marijuana, sales could generate up to $300 million in annual state tax revenue and create 11,000 jobs, according to a Joint Legislative Audit & Review Commission (JLARC) report issued Monday. But legalizing the drug would not be without hurdles. While the marijuana use was decriminalized in Virginia thi[...]
Chesapeake Family Dollar property sells for $1.78M
A Family Dollar store property in Chesapeake sold for $1.78 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. Located at 3736 Ahoy Drive, the 8,320-square-foot retail property was net leased to Family Dollar. TRC Chesapeake sold the property, which it bought in July 2019, according to C[...]
Amazon to donate $9M to NoVa nonprofits
Marking the second anniversary of the news that it would brings its East Coast headquarters to Virginia, Amazon.com Inc. will donate $9 million to several nonprofits in Northern Virginia, the company announced Monday. The gifts include $3.5 million to community organizations supporting small businesses and military families and [...]
Governor orders new restrictions to prevent COVID-19 spread
Virginia Gov. Ralph Northam announced Friday that the state will enforce new restrictions to prevent further spread of COVID-19 starting at 12:01 a.m. on Monday, Nov. 16, including limiting gatherings to 25 people — down from a current cap of 250 people. Also, all people ages 5 and older will be required to wear face […[...]
Interim VMI superintendent named
As an independent investigation into allegations of racism at Virginia Military Institute moves forward, the state-supported military college announced a new interim superintendent on Friday. Following a vote by the VMI Board of Visitors’ Executive Committee, retired U.S. Army Maj. Gen. Cedric T. Wins will serve as interim[...]
Gannett sells business media, marketing subsidiary
McLean-based Gannett Co. Inc., the nation’s largest newspaper publisher, sold its business media and B2B marketing subsidiary, BridgeTower Media, to Los Angeles-based middle-market private equity firm Transom Capital Group, the company announced last week. Financial terms of the sale were not disclosed. Through more than 40 digital and print brands, BridgeTower Media provides media and […][...]
Initial jobless claims fell again last week
The number of initial jobless claims in Virginia dropped by 4.3% last week compared to the previous filing week, the Virginia Employment Commission reported Thursday, while continued claims fell by 7.8%. For the week ending Nov. 7, 9,909 Virginians filed initial claims for unemployment, a decrease of 441 from the previous week. Last week, 91,960 […]
Herndon defense contractor acquires cyberservices provider
Herndon-based ManTech International Corp. has completed its acquisition of Minerva Engineering, a provider of advanced cybersolutions. Headquartered in Hanover, Maryland, Minerva Engineering offers a range of advanced cyberservices that support the intelligence community (IC), including risk and vulnerability assessment, incident response and cyberintrusion detection, and wireless signal discovery. ManTech says the acquisition will expa[...]
Arlington-based Armed Forces Services Corp. rebrands to Magellan Federal
Arlington-based Armed Forces Services Corp. has rebranded to Magellan Federal. A subsidiary of Phoenix-based managed health care company Magellan Health Inc., Magellan Federal is a military-focused provider of health care, human services and pharmacy solutions. Magellan Healthcare, the health care business unit of Magellan Health Inc., acquired AFSC as a wholly-owned subsidiary in 2016. Since […][...]
